About Us

Firm
Overview

Wexford Real Estate Investors (“WREI”) was formed in 2015 as the private market real estate investing arm of Wexford Capital LP (“WCLP”) and in 2020 was spun out of WCLP to launch a dedicated real estate platform. Real estate has been a pillar of strength for WCLP since inception in 1994 and through WREI and WCLP’s long-standing relationships, WREI sources and executes on value and growth driven real estate transactions using an opportunistic investment philosophy with a willingness to invest in both short-term and long-term investments. WREI’s mission is to deliver above-market, risk-adjusted returns, providing outside investors the opportunity to invest alongside the principals of WREI as WREI prudently grows its real estate portfolio.

Leadership
& History

WREI is led by Joe Jacobs and Phil Braunstein, who have worked closely together since 2007 and have built a best in-class dedicated real estate investment team starting in 2011 after successfully exiting the majority of WCLP’s real estate holdings prior to 2008. Joe divides his time between WCLP and WREI, and Phil is fully committed to WREI’s investment and management responsibilities.

Joe brings a multi-decade track record in real estate to the WREI team, having overseen over $1.4 billion of invested equity in 85+ transactions across the US and Canada since 1994. Prior to co-founding WCLP, Joe was a Senior Managing Director at Bear Stearns, where he worked for 12 years (1982-1994), was active in bankruptcies and restructuring, and was responsible for all of the firm’s real estate investment activities, including debt and equity financing of all real estate transactions across both public and private markets.

Current Portfolio & Focus

WREI and WCLP each manage a real estate portfolio that, collectively, is in excess of $1 billion of market value and is comprised of more than 50 investments in 20 markets located throughout the U.S. and Canada. WREI’s primary business is to invest in private market, control equity positions, both independently and alongside strategic operating partners. We focus on high barrier to entry opportunities in high growth markets with favorable business environments that are largely concentrated in the southeast and southwest U.S. Today, our portfolio includes multifamily, senior living, infill commercial, hospitality, residential condominiums, and strategic land, including fee interests subject to ground leases.